On October 21st, Vaillant (Changzhou) Chemical Technology Co., Ltd., founded by the Wrth Group, held the ground-breaking ceremony in Xinbei Industrial Park.
The Wrth Group, founded in 1945, is a worldwide wholesaler of fasterners, screws and screw accessories, tools, machines, installation material, automotive hardware, storage and retrieval systems, etc. Vaillant (Changzhou) Chemical Technology Co., Ltd. has total investment of USD 45 million and registered capital of USD 15 million, engaged in manufacture of assembly and fastening material of automobile and industrial equipment. It is expected to achieve annual turnover of RMB 600 million after putting into production in November 2012.
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